What is Standard L3?
Last updated
Was this helpful?
Last updated
Was this helpful?
Standard L3s are a highly performant Appchains to run Standard to reveal its full potential to become app layer for high value chains who are only focused in security and tokenization. While they focus on enshrining valuable assets like Bitcoin, Standard's L3 uses the asset in the most capital efficient way where network participants don't need to waste expenses for trust. Here are the benefits running Standard L3 on them.
L3s give faster block finalization and transaciton speed than L2 or L1. It is suitable for high frequency trading(HFT) or operating exchange with massive users to build crypto economy on scale.
L3s also has less gas fees compared to other chains due to less cost to finalize transactions. L3s don't have competing validators of a blockchain to increase gas cost to finalize the transactions submitted by users.
Users can pay Gas fee with $STND token with lower price than Ethereum so that they can experience blockchain and crypto transactions without paying a dime for one activity.
